Pembina Pipeline Corp (TSE:PPL) (NYSE:PBA) – Investment analysts at Cormark lifted their Q3 2017 earnings per share estimates for shares of Pembina Pipeline Corp in a research note issued to investors on Wednesday, Zacks Investment Research reports. Cormark analyst B. Watson now expects that the company will earn $0.62 per share for the quarter, up from their prior estimate of $0.61. Cormark also issued estimates for Pembina Pipeline Corp’s Q4 2017 earnings at $0.61 EPS, Q1 2018 earnings at $0.66 EPS, Q2 2018 earnings at $0.71 EPS, Q3 2018 earnings at $0.71 EPS, Q4 2018 earnings at $0.71 EPS and FY2018 earnings at $2.79 EPS.
A number of other equities research analysts have also recently issued reports on the stock. National Bank Financial boosted their target price on shares of Pembina Pipeline Corp from C$43.00 to C$44.00 in a report on Wednesday, January 25th. CIBC boosted their target price on shares of Pembina Pipeline Corp from C$47.00 to C$48.00 in a report on Thursday, February 9th. Raymond James Financial, Inc. reissued an “outperform” rating and set a C$47.00 target price on shares of Pembina Pipeline Corp in a report on Thursday, February 16th. Royal Bank of Canada reissued an “outperform” rating and set a C$50.00 target price (up previously from C$45.00) on shares of Pembina Pipeline Corp in a report on Friday, February 24th. Finally, BMO Capital Markets reissued an “outperform” rating and set a C$47.00 target price on shares of Pembina Pipeline Corp in a report on Tuesday, April 4th. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Pembina Pipeline Corp currently has an average rating of “Buy” and a consensus target price of C$46.80.
Pembina Pipeline Corp (TSE:PPL) traded down 0.05% during mid-day trading on Friday, reaching $44.00. The company’s stock had a trading volume of 349,429 shares. The firm has a 50 day moving average price of $43.13 and a 200 day moving average price of $41.42. Pembina Pipeline Corp has a 52-week low of $36.01 and a 52-week high of $44.48. The company has a market cap of $17.56 billion and a price-to-earnings ratio of 43.56.
The company also recently declared a monthly dividend, which will be paid on Monday, May 15th. Stockholders of record on Monday, May 15th will be given a dividend of $0.17 per share. This is a positive change from Pembina Pipeline Corp’s previous monthly dividend of $0.16. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.62%. The ex-dividend date is Friday, April 21st.
About Pembina Pipeline Corp
Pembina Pipeline Corporation is an energy transportation and service provider. The Company operates through four segments. The Conventional Pipelines segment consists of the tariff-based operations of pipelines and related facilities to deliver crude oil, condensate and natural gas liquids (NGL) in Alberta, British Columbia, Saskatchewan, and North Dakota, United States.
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